Tesco has agreed the sale of its Turkish business and Giraffe restaurant chain in the UK as the retailer continues its reshaping under chief executive Dave Lewis.
Lewis joined Tesco in 2014 when the firm was in crisis, its profits battered by market share losses at home to discounters Aldi and Lidl.
A damaging accounting scandal was then uncovered shortly after his appointment.
He is now focusing on reviving Tesco's main grocery business in Britain and also wants to cut debt to rid the group of its junk credit rating.
Tesco today confirmed the proposed sale of its 95.5% controlling stake in the Kipa business in Turkey to Migros, the country's largest supermarket chain.
The sale, which is subject to local regulatory approvals, will provide cash proceeds of £30m and reduce net debt by £110m.
"The sale of Kipa reflects the particular strategic challenge we have faced in Turkey as a small regional player in a highly competitive market," Dave Lewis said.
"It removes the need for the sustained investment required to enable the business to compete independently," he added.
Last year, Lewis sold Tesco's South Korean arm for $6.1 billion, which means the firm now only has overseas businesses in Ireland, Thailand and Malaysia and central Europe.
Under the previous management Tesco made costly exits from Japan and the US, and reduced its exposure to China.
Tesco also said it planned to sell the Giraffe restaurant chain to Boparan Restaurants Holdings. The sale includes 54 standalone restaurants, of which 12 are franchise sites, and three restaurants within Tesco stores.
No price for the deal was disclosed.
Mr Boparan is the boss of Fox's Biscuits and Goodfella's pizza owner 2 Sisters. He stands at number 267 on the Sunday Times Rich List with an estimated fortune of £430m.
Tesco bought Giraffe for £49m in 2013, when Philip Clarke was CEO and wanted to diversify its shopper appeal. Clarke was sacked before Lewis took over.
"While casual dining remains an important part of the shopping trip for many of our customers, we will continue to meet these needs through our Tesco Cafes and other providers," said Lewis.
In April, Tesco reported its first rise in underlying operating profit in four years and its first quarter of underlying UK sales growth for more than three years.
Although Tesco shares are up 5% so far in 2016, they are down 25% from a year ago.
